Japan

Modern Monetary Theory (MMT) and the Power of the US Dollar in the World Economy (Part 1)

Modern Monetary Theory (MMT) has become popularized by some of the liberal-left because it offers an explanation how to achieve full employment, national health insurance, free college education, and the Green New Deal without raising taxes. Political leaders like Alexandria Ocasio-Cortez and Bernie Sanders have espoused MMT. Economist Stephanie Kelton, a leading spokesperson of the theory, served as chief economic adviser to Sanders during his 2016 presidential campaign.

EU STUNNED as UK & Japan reach LANDMARK, post-BREXIT trade deal

Via CNBC (https://www.cnbc.com/2020/09/11/uk-and-japan-agree-on-principle-to-free-trade-deal.html)…
The U.K. and Japan on Friday agreed in principle to a trade deal, in a move that sees the U.K. strike its first major agreement post-Brexit.
The announcement, which the U.K. hailed as a “historic moment,” comes as Britain struggles to secure an agreement with its closest trading partners in the European Union.

The Seas of the Indo-Pacific in Turmoil


In the chronicle of how the situation is developing in the region covered by the Indian and Pacific oceans, alas, there are no positive trends that will please readers. To exacerbate the confrontation here between the two leading world powers, the United States and China, recently more problems have been pressing down on the latter’s relations with major regional players, such as Japan and India.